What You Ought to Know:
– CancerIQ, a Chicago-based platform powering early most cancers detection and prevention throughout broad affected person populations, introduced immediately it closed a $14M Collection B financing spherical.
– The Collection B spherical was co-led by Merck World Well being Innovation Fund (Merck GHI) and Amgen Ventures with participation from McKesson Ventures, OSF Ventures (the funding arm of OSF HealthCare, a present CancerIQ buyer), and HealthX Ventures.
Inequality in Preventative Most cancers
Systemic entry obstacles have created stark inequality on the subject of preventive most cancers care in the US. For instance, Black ladies usually tend to be recognized with superior phases of breast most cancers and 41% extra prone to die of the illness than white ladies. These points are compounded by the 9.5 million screenings missed through the COVID-19 pandemic, which has led to a rise in late-stage most cancers diagnoses which might be extra pricey and have a higher impression on high quality of life and outcomes than early-stage diagnoses.
Proactive Strategy to Most cancers Care – Precision Prevention
Based in 2013 by Olufunmilayo (Funmi) Olopade, MD and Feyi Olopade Ayodele, CancerIQ’s precision well being platform, which is being utilized by clinicians at greater than 180 areas throughout the nation, makes it straightforward to find out a affected person’s particular person danger of cancer-based on household historical past, genetics, conduct, and different components, after which join them to the corresponding care pathways. These pathways vary from MRIs, prophylactic surgical procedures and vaccinations to at-home screening kits, multi-cancer early detection (MCED) exams, way of life interventions and different providers akin to medical trials, academic supplies, and social assets. CancerIQ is embedded immediately into EMR workflows so clinicians in any care setting have the most recent genomics analysis, medical tips, and life sciences improvements at their fingertips.
CancerIQ plans to make use of the most recent spherical of funding to develop its precision well being platform, strengthen its partnership ecosystem, and broaden its well being system community. Following a current collection of key government hires, the corporate additionally plans to rent 50 group members to satisfy the rising demand for extra environment friendly and progressive most cancers prevention providers.
“CancerIQ’s imaginative and prescient is to finish most cancers as we all know it by eliminating well being disparities and democratizing entry to the most recent advances in most cancers early detection and prevention,” added Feyi Olopade Ayodele, Co-founder and CEO of CancerIQ. “We began by making genetic testing extra accessible and connecting sufferers to the precise preventive providers on the proper time. This newest spherical of funding will assist CancerIQ attain extra sufferers and hook up with extra improvements that promise to remodel most cancers from an epidemic to a manageable situation.”